Rogers doubles Sports Net stake: CRTC
Article Abstract:
Rogers Communications Inc., a cable TV company based in Toronto, Ontario, has increased its interests to 40% in CTV Sports Net Inc., a sports channel. The Canadian Radio-Television and Telecommunications Commission (CRTC) has started deliberating on whether to allow Rogers to close the agreement. Sports Net, which beat its rival The Sports Network for the National Hockey League cable rights for the 1998-99 season, is set for introduction in Fall 1998, as much as a year earlier than originally set. The amount spent for the deal has not been determined, but Rogers bought its previous 20% interest in Sports Net for C$2 million in 1996, according to CRTC papers.
Comment:
Cable TV co increases interests to 40% in CTV Sports Net Inc, a sports channel
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Ted Rogers pledges turnaround by five years
Article Abstract:
Rogers Communications Inc. President and majority shareholder Ted Rogers has stated that the company must reduce its C$ 5.6-billion debt. Rogers also made a pledge that before he leaves in five years the company will be be investment grade and making dividend payments. Rogers also added that the company will have to delay the introduction of the digital set-up devices to the 2.2 million cable subscribers as a result of the debt reduction attempt. Roger's acknowledgement of the debt problem comes after repeatedly issuing denials about the extent of the problem.
Comment:
President and majority shareholder Ted Rogers states that the company must reduce its C$ 5.6-bil debt
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Rogers sells security alarm division to trim more debt
Article Abstract:
Rogers Communications Inc. of Toronto, Ontario, continues to sell noncore assets in an effort to cut costs. As part of the divestiture, the company sold its security alarm unit, Rogers Canguard Inc. to Protection One Inc. of Culver City, CA. The sale price is estimated to be between C$14 million and C$28 million, based on recent alarm company sales in North America. Rogers Canguard was the fifth-largest security alarm company at Mar. 31, 1998, with about 35,000 subscribers and C$700,000 in monthly revenue.
Comment:
Has sold its security alarm unit, Rogers Canguard to Protection One
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Comment about this article or add new information about this topic:
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